Integrated Media Technology (NASDAQ:IMTE) Stock Price Down 6.8%

Integrated Media Technology Limited (NASDAQ:IMTE – Get Rating) shares dropped 6.8% on Monday . The stock traded as low as $0.46 and last traded at $0.48. Approximately 117,548 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 140,189 shares. The stock had previously closed at $0.52.

Integrated Media Technology Stock Down 6.8 %

The firm has a 50 day simple moving average of $0.71 and a 200 day simple moving average of $0.77. The company has a quick ratio of 2.91, a current ratio of 7.30 and a debt-to-equity ratio of 0.03.

Institutional Trading of Integrated Media Technology

A number of hedge funds have recently bought and sold shares of the company. UBS Group AG purchased a new position in shares of Integrated Media Technology during the second quarter valued at approximately $28,000. Jane Street Group LLC bought a new stake in Integrated Media Technology in the second quarter worth $86,000. Renaissance Technologies LLC bought a new position in shares of Integrated Media Technology during the third quarter valued at $126,000. Finally, Virtu Financial LLC bought a new position in shares of Integrated Media Technology during the first quarter valued at $361,000. Institutional investors own 4.20% of the company’s stock.

About Integrated Media Technology

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Integrated Media Technology Ltd. is a technology investment, product development and distribution company. It engages in developing, manufacturing and distributing of 3-dimension display equipment and wholesales audio products. The firm focuses on the business activities in the sale and distribution of autostereoscopic 3D display, 3D conversion equipment and software, development and sale of 3D autostereoscopic technology and provision of 3D consultancy services.